65 W Bridge St
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65 W Bridge St
2 Unit Apartment Building $290,000 ($145,000/Unit) 12.07% Cap Rate Oswego, NY 13126
Investment Highlights
- LOCATION Centrally located in the heart of Downtown Oswego.
- Easy to rent to college students or any major employer around Oswego because of location.
- Nice size lot with two car garage and parking area in front of garage.
Executive Summary
This is one of our last three Multi units for sale in Oswego NY. I have saved these three properties because they were are best money makers but it is time to retire and pass these along to an other investor. This multi unit has a gross income of $55.000 with a net income of $35000 each. Great income and I have priced these home for investors to make good income right at the start. Our other two multi units make the same NOI as this one you are viewing. This homes has 85% new windows through out home. I just put in a new a $20,000 boiler this year that supplies not only heat to entire house but also endless hot water as well. No more hot water tanks and a very efficient heating system that has two zones for upstairs apartment and down stairs apartment. Each Unit has 4 bedrooms up and 4 down. Each has a kitchen with 2 full bathroom up stairs and 1 1/2 bathrooms down stairs. This is fully rented and has been since we have owned them. There is a shared Laundry as well. LOCATION LOCATION LOCATION. This Multi Unit is at the Center of Downtown Oswego with Hospital, Store fronts, Bus routes, Restaurants and Oswego State College all near by. This is a Corner Lot on Main Street. It also offers a two car garage with plenty of storage area. This home offers some huge bedroom and living areas that is very attractive to tenants. There is also a walk up addict with high ceiling and a full size unfinished basement for extra storage. This is a money making opportunity to own a corner of a city block in the center of the down town district. With a potential for an even bigger growth on your investment over the years with it's location. I'm Asking $290,000 for each Property like the one you are viewing or I will be willing to listen to an offer for all three together. Call me today with any questions about this property or a package deal.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $290,000 | Apartment Style | Single Family Home |
Price Per Unit | $145,000 | Building Class | C |
Sale Type | Investment | Lot Size | 0.06 AC |
Cap Rate | 12.07% | Building Size | 3,085 SF |
Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
No. Units | 2 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1900 |
Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
Price | $290,000 |
Price Per Unit | $145,000 |
Sale Type | Investment |
Cap Rate | 12.07% |
Sale Conditions | Bulk/Portfolio Sale |
No. Units | 2 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Single Family Home |
Building Class | C |
Lot Size | 0.06 AC |
Building Size | 3,085 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1900 |
Parking Ratio | 0.97/1,000 SF |
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
8+3.5 | 2 | - | - |
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Walk Score ®
Very Walkable (87)
zoning
Zoning Code | Commercial (This home is zoned Commercial because it is on Bridge Street in the downtown district) |
Commercial (This home is zoned Commercial because it is on Bridge Street in the downtown district) |
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lbkcny by design, INC
65 W Bridge St
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